Wed, Oct 7, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

UCITS fund structure will continue growing but won't replace offshore structure

Friday, July 05, 2013

Andrew McCaffery
Benedicte Gravrand, Opalesque Geneva:

To what extent have UCITS become a new home for most hedge funds? Participants note during the recent Opalesque UK Roundtable that even though the UCITS fund structure is becoming a lot more popular among investors and is set for further growth, it will not likely replace the offshore fund structure. Liquidity considerations, tactical opportunities, and individual investors’ needs will greatly participate in the growth of the UCITS universe.

Over the last few years, many European investors have shown a clear preference for the UCITS fund structure, says Dr. Ana Cukic Armstrong, CEO of Armstrong Investment Managers, a macro asset manager. "One of our flagship funds is a qualified investor fund, Dublin registered, but the whole UCITS preference goes to the point that some of the investors are seeding a UCITS mirror version of our Qualified Investor Fund in Switzerland," she adds.

A few years ago, one could be thinking the UCITS structure was only a passing fad, she comments. Now it is different. Now she wonders if that structure has actually become a new home for most hedge funds.

According to A......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. U.S. hedge funds prepare for worst finish this year since 2008[more]

    Komfie Manalo, Opalesque Asia: U.S.-focused hedge funds are preparing for their worst year since the 2008 global financial crisis, following a series of letdown including the market sell-off in August and the sell-off in healthcare and biotechnology sectors last month, reported

  2. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  3. DoubleLine’s Jeffrey Gundlach warns of another round of market shakedown[more]

    Komfie Manalo, Opalesque Asia: DoubleLine Capital co-founder Jeffrey Gundlach is painting a bleak future as he warned that the U.S. equity market and other risk markets, such as high-yield "junk" bonds, are facing another round of selling pressure. Gundlach said in an interview with

  4. A hedge fund strategy that seems to have fizzled[more]

    From The hedge fund strategy that has attracted the most money this year is on course to cause some of the biggest losses for investors, in the latest example of the dangers of going with the crowd. Institutions and individuals have piled an estimated $20 billion (Dh73 billion) into ma

  5. Hedge fund Barnegat survives September’s market selloff[more]

    Komfie Manalo, Opalesque Asia: Bob Treue’s $679 million Barnegat Fund proved resilient after another month of market letdown as the hedge fund gained 2.2% last month, bringing its year-to-date gains to 2.8%. Treue said in his monthly report to i